(Finance) – It bouncesagainst expectations for a more contained increase, the Empire State manufacturing index of New York, which reached 24.6 points in April 2022 from -11.8 points in March. The figure is far better than analysts’ estimates, which were for growth of up to 0.5 points.
The index measures the conditions of the manufacturing sector in the New York borough. Remember that a level of the data higher / lower than 0 indicates that most companies report improvements / worsening of conditions.
Among the various components of the index, the one on new orders improves by 36.3 points to 25.1, while that on deliveries grows to 34.5 (from -7.4 points) and that on stocks decreases to 13.6 points (from 21.5 points).